Binance, the world’s largest cryptocurrency exchange, announced yesterday (7th) that it is upgrading its listing mechanism, which includes:
When a project has a dedicated listing budget, Binance will disclose it in the listing announcement and distribute the tokens from the budget to Binance users through various forms of airdrops. Binance does not charge listing fees.
Introducing the “Vote for Listing” and “Vote for Delisting” mechanisms to increase community participation and give users more voice in the listing process.
Providing the opportunity for Binance Wallet’s exclusive Token Generation Event (TGE) projects to directly enter the Binance Alpha Observation Zone.
However, with the introduction of the “Vote for Delisting” mechanism, the community’s target is directly pointed at Ethereum (ETH).
The community frenzy: Vote to delist ETH!
Former crypto angel investor Kay Capital tweeted:
“I want to vote to delist ETH, anyone else?”
Let Vitalik develop new concepts for the ETH ecosystem and then give him a chance to relist it.
Destroy the ETF and let them know that the reserves they list are not native to the crypto world.
This tweet immediately caused a sensation in the community, and another angel investor Yuyue directly copied and pasted it, adding:
“No destruction, no establishment, let’s get rid of ETH, and everything will thrive!”
Since then, these four sentences have instantly become a meme in the community, and many well-known Key Opinion Leaders (KOL) have copied and posted to show their support, making “delist ETH” a hot topic.
“I want to vote to delist ETH, anyone else?”
Let Vitalik develop new concepts for the ETH ecosystem and then give him a chance to relist it.
Destroy the ETF and let them know that the reserves they list are not native to the crypto world.
No destruction, no establishment, let’s get rid of ETH, and everything will thrive!
— Yuyue (@yuyue_chris) March 7, 2025
Can ETH really be delisted by voting?
However, according to Binance’s “Vote for Delisting” rules,
Binance only allows tokens in the “Monitoring Zone” to enter the delisting vote. The characteristics of these tokens include:
No product development updates,
No community and project maintenance,
No regular progress announcements,
Increased issuance or significant risky behavior.
Binance stated that the specific rules for delisting voting will be announced synchronously when the product goes online.
Therefore, not all Binance users can vote to delist any token. Only projects listed in the Monitoring Zone have the possibility to enter the voting stage. However, Ethereum is still one of the most active public chains for developers, and it has been continuously testing and announcing progress on the Pectra upgrade. Moreover, the project is maintained by the Ethereum Foundation, so the probability of it entering the “Monitoring Zone” is close to zero.
In other words, Binance cannot include ETH in the “Vote for Delisting” range, and ETH will not have the opportunity for the community to decide whether to delist it.
Although this “Delist ETH Movement” may ultimately be just a farce, it also serves as a warning for Ethereum. In the current market environment, the community’s dissatisfaction with ETH is still accumulating. 